Oppenheimer International Small Fund Market Value
| OSMCX Fund | USD 35.29 0.29 0.83% |
| Symbol | Oppenheimer |
Oppenheimer International 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Oppenheimer International's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Oppenheimer International.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Oppenheimer International on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Oppenheimer International Small or generate 0.0% return on investment in Oppenheimer International over 30 days. Oppenheimer International is related to or competes with Invesco Municipal, Invesco Municipal, Invesco Municipal, Oppenheimer Rising, Invesco High, Oppenheimer Strategic, and Invesco High. Under normal market conditions, the fund will invest at least 80 percent of its net assets, plus borrowings for investme... More
Oppenheimer International Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Oppenheimer International's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Oppenheimer International Small upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 3.86 | |||
| Value At Risk | (1.21) | |||
| Potential Upside | 1.13 |
Oppenheimer International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oppenheimer International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oppenheimer International's standard deviation. In reality, there are many statistical measures that can use Oppenheimer International historical prices to predict the future Oppenheimer International's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (0.24) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Oppenheimer International's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Oppenheimer International Backtested Returns
Oppenheimer International maintains Sharpe Ratio (i.e., Efficiency) of -0.16, which implies the entity had a -0.16% return per unit of risk over the last 3 months. Oppenheimer International exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Oppenheimer International's Variance of 0.6249, risk adjusted performance of (0.12), and Coefficient Of Variation of (660.54) to confirm the risk estimate we provide. The fund holds a Beta of 0.53, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Oppenheimer International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Oppenheimer International is expected to be smaller as well.
Auto-correlation | 0.59 |
Modest predictability
Oppenheimer International Small has modest predictability. Overlapping area represents the amount of predictability between Oppenheimer International time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Oppenheimer International price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Oppenheimer International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
Oppenheimer International lagged returns against current returns
Autocorrelation, which is Oppenheimer International mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Oppenheimer International's mutual fund expected returns. We can calculate the autocorrelation of Oppenheimer International returns to help us make a trade decision. For example, suppose you find that Oppenheimer International has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Oppenheimer International regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Oppenheimer International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oppenheimer International mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oppenheimer International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Oppenheimer International Lagged Returns
When evaluating Oppenheimer International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oppenheimer International mutual fund have on its future price. Oppenheimer International autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Oppenheimer International autocorrelation shows the relationship between Oppenheimer International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Oppenheimer International Small.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Oppenheimer Mutual Fund
Oppenheimer International financial ratios help investors to determine whether Oppenheimer Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Oppenheimer with respect to the benefits of owning Oppenheimer International security.
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